How to profit from the Chinese art market and bag some cutting edge paintings while you’re at it March 2, 2017 Which country has the world’s largest art market? Hint: if you’re thinking anything other than “China”, then you’re wrong. Art information website artprice.com estimates that in the first half of 2016, China accounted for 35.5 per cent of the $6.53bn global art sales. Someone out there is making a killing from the Chinese art market, [...]
It’s productivity, stupid: The chancellor must be bolder on the greatest threat to living standards March 7, 2017 Whenever a new Budget is in the offing, fiscal policy tends to take centre stage. But while an open and lively debate over the goals of fiscal policy in the coming year is to be welcomed, we should not forget about the economic problems that, lurking in the background, continue to afflict the country. In particular, [...]
How are Europe’s politicians reacting to Theresa May’s big Brexit speech? January 18, 2017 After taking a night to digest Theresa May's landmark address at Lancaster House yesterday, Europe's politicians are slowly stirring to issue their own thoughts on the Prime Minister's Brexit plan. German chancellor Angela Merkel has led the way with some brief comments at a press conference with the Italian Prime Minister Paolo Gentiloni. "This speech made [...]
Property market predictions 2017: From Brexit to tenant fee bans, we’ve asked London’s biggest real estate agents to look into their crystal balls December 8, 2016 2017 will see the rise of Build-to-Rent in London Mark Collins, chairman at CBRE Residential Throughout 2017, I hope that SME developers continue to be championed and encouraged by local government, as these housebuilders will play a major role in alleviating the housing crisis. Access to land and financial support as well as flexible planning systems [...]
Fabulous Brexit, Chinese implosion: The feasible scenarios markets are ignoring January 27, 2017 The exquisite unpredictability of markets was on full parade in 2016, and investors are still breathless. Very few believed populist anger would lead to a Brexit or a President Trump, or that a crashing oil market would be rescued by a deal underpinned by Saudi altruism towards Iran. Indeed, markets are replete with occurrences which [...]
This is where house prices have increased the most this year December 20, 2016 The average British home has increased in value by £19,348 during 2016 – £56.57 per day – bringing the British property market's value to £8.17tn. The data from Zoopla shows that the UK market's value has gone up by 7.35 per cent as a whole this year. Read more: This is how far house prices will [...]
UK house price growth has accelerated – and it’s not all because of stamp duty changes, according to the Nationwide House Price index April 1, 2016 Would-be second home owners appear to have bolstered the UK's house price growth in March, with the annual rate accelerating to 5.7 per cent – up from 4.8 per cent the previous month. The price of a typical UK home rose by 0.8 per cent, at least in part as a result of buy-to-let investors [...]
Keep fit after January: Here are five of the best lunchtime-length runs around the City February 24, 2017 After all the enthusiasm and zeal of January, you can be forgiven if your commitment to those New Year’s resolutions are slacking a little by now. Time to shake-up your routine? The people at The Color Run UK have compiled a list of the best lunchtime runs in the Square Mile exclusively for City A.M. [...]
September mortgage approvals well behind 2015 levels but edge up on August numbers October 31, 2016 UK mortgage approvals flopped nearly 10 per cent in September compared to last year, the Bank of England reported this morning. Although the figures did bounce back from the 19-month low recorded in August, the 62,932 approvals were well behind the 69,619 recorded in September 2015. Read more: Time to remortgage? Fixed rates are low, but watch out [...]
The new bridge to China heralds the start of a golden age for UK fintech November 11, 2016 Over the past few years I’ve witnessed first-hand the UK’s fintech sector emerge as the world’s dominant hub – over traditional technology centres such as Silicon Valley, New York, Israel, Singapore, and Hong Kong. There is no question that more technology innovation and value creation in financial services comes from the UK than anywhere else [...]